Business &amp; Accountancy Daily

Companies

Image for hmrc hired contractors using disguised remuneration appg reveals

Tax | HMRC hired contractors using disguised remuneration, APPG reveals

The latest APPG report on the loan charge has revealed that HMRC hired a number of contractors in the run-up to 2018 who were using disguised remuneration schemes

18 Feb 2021

Personal Tax

HMRC

Image for business growth measures should be budget priority

Business | Business growth measures should be Budget priority

Ahead of the upcoming March Budget, nearly half of UK mid-sized companies want the Chancellor to focus on supporting business growth (45%), according to research by Grant Thornton

18 Feb 2021

Companies

Image for spirit distillers call tax cut drive growth

Tax | Spirit distillers call for tax cut to drive growth

The Spirits Alliance has called for a tax cut and progress with the alcohol duty review to create a fairer system that supports both growth and puts Treasury revenue on a sustainable footing for the future

18 Feb 2021

Business Tax

Image for virtual and augmented reality may improve corporate reporting

Finance | Virtual and augmented reality may improve corporate reporting

The latest FRC Lab report, Virtual and Augmented Reality in corporate reporting, considers how virtual and augmented reality can be used to expand the scope and audience for corporate reporting

18 Feb 2021

Finance

Financial Reporting

Image for government publish tax consultations 23 march

Tax | Government to publish tax consultations on 23 March

In a change to the usual timing, the government will publish a number of tax-related consultations and calls for evidence at the end of March

18 Feb 2021

Consultations

Budget

Image for administration services firm boss banned ps373k vat fraud

Business | Administration services firm boss banned for £373k VAT fraud

Boss of Cambridge-based administration services provider has been banned from being a director for 10 years after fraudulently evading hundreds and thousands of pounds worth of tax

18 Feb 2021

Called to Account

Image for deloitte sells restructuring unit audit reform

Business | Deloitte sells restructuring unit before audit reform

Teneo, the global CEO advisory firm, has announced a major expansion of its international consulting capabilities with an agreement to acquire the restructuring services business of Deloitte UK

17 Feb 2021

Restructuring & Insolvency

Image for audit sampling qa applying isa uk 500 audit evidence

Finance | Audit sampling Q&A: applying ISA (UK) 500 Audit Evidence

Michelle Roberts ACA and John Selwood ACA consider the most frequent questions received on sampling following recent changes to the Croner-i Navigate Audit tools for best practice improvements in this area

17 Feb 2021

Auditing

Audit Regulations

Image for time rethink high income child benefit charge hicbc

Tax | Time to rethink the high-income child benefit charge (HICBC)

Sarah Saunders, manager, private client services at RSM argues that the government needs to assess the threshold for the high-income child benefit charge (HICBC)

17 Feb 2021

Finance | Insolvency protection extended to April 2022 due to pandemic

The government has given businesses much-needed breathing space with extension of insolvency measures under the Corporate Insolvency and Governance Act to relieve pressure on businesses dealing with coronavirus

17 Feb 2021

Restructuring & Insolvency

Image for praxity accounting firms report global revenues 7bn

Business | Praxity accounting firms report global revenues of $7bn

Accounting firms in the Praxity Global Alliance have reported record combined global revenues of $6.96bn for the year ended 31 December 2020, an increase of 9.1% year on year

17 Feb 2021

Leadership & Management

Image for mps call tax breaks stimulate green investment

Tax | MPs call for tax breaks to stimulate green investment

The Environmental Audit Committee (EAC) of MPs is calling for VAT reductions to encourage energy efficiency, the use of recycled materials, and repair services

17 Feb 2021

Business Tax

VAT

Image for legal implications ir35 payroll rules part 1

Tax | Legal implications of IR35 off-payroll rules - part 1

Michael Paulin, tax barrister, assesses the implications of the changes to IR35 off-payroll rules for larger companies hiring contractors

16 Feb 2021

Personal Tax

Tax Compliance

Image for hmrc clarifies payroll working compliance rules

Tax | HMRC clarifies off-payroll working compliance rules

HMRC has published an issue briefing on its compliance approach for the changes to off-payroll working rules, commonly known as IR35, from 6 April 2021

16 Feb 2021

Business | Jeffreys Henry bolsters growth plans with private equity funding

Accountancy firm Jeffreys Henry has secured private equity funding to expand the business, but has not disclosed the level of investment

16 Feb 2021

Careers

Leadership & Management

Tax | Q&A: trade losses on incorporation

In our regular Q&A on technical tax issues, Kabita Tank, tax adviser at Croner Taxwise, explains incorporation relief compliance when a sole trader incorporates

16 Feb 2021